Announced
Synopsis
Generac, a global designer and manufacturer of a wide range of energy technology solutions, agreed to acquire Enbala Power Networks, a provider of distributed energy optimization and control software. The transaction is expected to close within thirty days. Financial terms were not disclosed. “Together with Generac, we have an unprecedented opportunity to make our energy grids more efficient, resilient and economical. As part of the Generac team, we can now accelerate our vision for a cleaner grid, leveraging our technology and capabilities that help continuously balance supply and demand while enabling rapid and profoundly beneficial changes in our energy markets,” Bud Vos, Enbala President and CEO.
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